Jio BlackRock plans to launch 8 low-cost equity, debt funds

Summary: What happens when Jio’s digital muscle meets BlackRock’s investing brains? A low-cost mutual fund revolution might just be around the corner — and it may start with Rs 500. Jio BlackRock Asset Management, the much-hyped joint venture between Reliance’s Jio Financial Services and global investment powerhouse BlackRock, has applied to SEBI to launch eight mutual fund schemes this year. The product lineup will span both equity and debt categories. Low-cost funds What can set this launch apart is the pricing philosophy. According to sources cited in a Reuters report, the fund house plans to accept investments starting from as low as Rs 500 — significant